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Fcpo

FCPO - Bearish flag pattern breakoutComment : 1) FCPO is forming a bearish flag pattern in a downtrend since the peak in May 2022. This pattern is expecting a further movement down at the end of the flag. 2) The condition of a bearish flag including associate with descending trading volume during flag is forming. Eventually, FCPO has breakout below the low of the lower channel on 1st Sept. Support & Resistance: R : Resistance A S : Supporting B & 2125 DISCLAIMER : Analysis above SOLELY for case study purpose, not a PROFESSIONAL ADVISE. This analysis does not provide any trading advise and buy or sell. Trade at your own risk. Trade only after you have acknowledged and accepted the risks involved.
MYX:FCPO1!Short
by TheWinningDay
Direction of FCPO #5As you guys can see, it is what we predict from previous our chart analysis. It is following the direction that I have been showed. So now lets see either the market can rebound and go up towards the strong resistance ( yellow box ) or it will continue downwards. Besides that, do not neglect that we can see there is a form of pattern have shown which is Head And Shoulder ( HNS ), same goes to this concept, have to break the neckline, and then we can make decision where is the direction of the market. We will see tomorrow to see what market brings to us.
MYX:FCPO1!
by Karkoon
Direction of FCPO #4As we looked at the previous our TA chart. it seems that the market still can't break the resistance. But we will see on Monday, does the market will try to break the resistance or it will break the parallel channel. We have been waiting for market move from outside the parallel channel, so that we can have a better direction on short or long. But even now, we can see that the price can't break through that resistance on orange color that i have draw. the market already try to break the price so many times but still failed. so we are waiting for the price break the parallel channel. then we can have a clear direction. In a smaller time frame like 5m / 15m / 30m, if the market open and try to break the resistance, wait for the break out. if still can't break the resistance. then can focus short until parallel channel. wait for the break support. and then can continue find setup for short Remember, always entry with setup. Or else, u are in gambling industry. Happy Trade!
MYX:FCPO1!
by Karkoon
FKLI TRADING : 331) when fundamental clashes with technical...this is number 331... As a summary of what had happened in the full-month JUly, the first half was similar to fcpo, which was a downtrend frm 1460 to 1412.50. Then it started to rebound and hit 1480 first, retraced back to 1460 before hitting higher and yesterday reaching 1500 resistance. Technically speaking, fkli-July has shown series of movement which created NSH-HL-NSH which indicated that the trend had reversed into uptrend. Hence, going into August we should aim for "long on retracement"...look for support at 1480 and 1460 and any signs for rebound frm thr like Double-Bttm or stalled bar candles at very tight range... However, the fundamental speaks differently. With Nancy Pelosi current visit to Taiwan, thr was fear of retaliation action frm the Communist friend(btw, if you dunno who is Pelosi, search google). Everybody is holding their breath right now. Are we at the brink of WW3? nobd is sure of that. Hopefully not. SO, follow up with what is going to happen with the visit and for Malaysia's own news, wait for announcement of General Election or interest rate hike. Fkli is very sensitive to news-event, therefore fundamental such as news and any major events might trigger some selling/buying pressure. When the so-called "bad-news'" has subsided, I would choose on "buy on dip". higher resistance : 1520-1530 resistance : 1500 immediate support : 1480 lower support/ : 1460 WARNING! RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures , crypto, commodities or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING. It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk! **your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ*
MYX:FKLI1!
by HAIDOJO_trading
FCPO - Bear taking breathAfter a series of 8th falling trading days, price of FCPO constructed a short term bullish AB=CD pattern in daily TF. It's been oversold but not in extreme way yet. Current price is hovering around 5477 (the neck line of a bigger pattern) and may have a small rebound before a continuation. May focus on the price action along with confirmation of oscillator especially the neck line region for a the 1st TP of 6070. If the price manage to piercing thru the red dash trendline, the 2nd TP would be 6512. -Signing Out-
MYX:FCPO1!Long
by FXCruZaDer82
FCPO - A Larger Picture of this bearish moveAfter a few bearish days, I turn to the larger timeframe for a larger picture of the price / trend . Bearish move this week crossed the Weekly trendline with strong momentum. I see price continue moving slowly in the next few weeks before another bearish run towards the 4500 level. Consider this as the leg 1 of its bearish move, it created a lower low. And then rebalance for a few candles before another huge candle. Estimated price to reach target at reversal zone around: Aug - Oct this year. If you liked this idea or if you have your own idea about it, please do not hesitate to write in the comments. Thank you
MYX:FCPO1!Short
by kkgoh87
FCPO TRADING : 323) uptrend but 9th May22 news !this is haidojo and the number is 323 ... In the whole April, thr were another 2 Double-Tops (DT) on 27th Apr22 and 29th Apr22, hitting as high as 7132 and 7229! Now, the price could be a "churning process" before leaping onto a higher ground. Of course, this could be wrong bcox we have the "9th May" curse. This so-called curse actually comes from the war-infested region in the North and any news frm thr. Whether the war would escalate or stop. SO it is a "dead" or "alive" situation. The safest way to play this is wait for the "doomsday" to over and watch the technical analyst to tell u what to do after that. Following the trend is still the safest route so watch out for "long on the dip" with support near 6400 and 6310. This is not a recommendation for buy or sell but it is what I am watching out for my own trading plan. I actually hold buying already and this is not a signal channel and I am not giving signal trading service. SO dun treat this like one. Careful with the news which could damage ur trades. That's all for the update today. *plan your trade and trade your plan... gud luck* resistance : 6650-7080 (6310 possible reversal point) lower support : 5380 (daily critical support) support : 6310-6400 WARNING! RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures , cryptos, warrants, CFDs, spreads, options or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING. It is MERELY a trading journal and it has been used for educational purpose only… TRADE AT YOUR OWN RISK!
MYX:FCPO1!
by HAIDOJO_trading
FCPO TRADING : 321) falling off frm sky?this is haidojo and the number is 321 ... After hitting a double high on 2nd March22, 7108 and 9th MArch 22 ,7268 (so far, this is the record high), fcpo price has broken into NSL(New Structure Low) and since then fcpo market has been playing sideway frm 15th till 31st March22, ranging frm 5700- 6100...only on last Friday, another NSL---5477 is formed...so , we can conclude that the market is in downtrend now...Next level of support to watch out is at 5380 which is also the support level for daily uptrend. If this level is broken, both daily and hourly charts are in downtrend and we could see some fierce pull-down to happen... Following the trend is still the safest route so watch out for "short on rebound" with resistance near 5700 and 6040. This is not a recommendation for buy or sell but it is what I am watching out for my own trading plan. However, not all gloom and doom, fcpo-june should see some reversal to happen if it could break abv 6100 and stay there / move higher. That's all for the update today. *plan your trade and trade your plan... gud luck* resistance : 6040-6100 (reversal of bear to bull) support : 5380 (daily critical support) lower support : 5050-5220 WARNING! RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures , cryptos, warrants, CFDs, spreads, options or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING. It is MERELY a trading journal and it has been used for educational purpose only… TRADE AT YOUR OWN RISK!
MYX:FCPO1!Short
by HAIDOJO_trading
CPO Unstoppable Rocket? Or…. Ranging?What’s other factors would continue to move palm oil prices? 1. India imports hit 12-months low on sky high prices in CPO. This may led to demand further decline as buyers are price sensitive as it relies on imports for 60% of its needs. Currently, India rely on existing stockpiles and incoming domestic rapeseed crop to meet domestic demand 2. Revision of export restriction from Indonesia as food protectionism grows. Companies need to allocate 30% of exports for home market. Government are taking steps to safeguard domestic food supplies after Russia’s invasion of Ukraine. 3. Malaysia announced, the border restrictions is entering endemic phase start from 1st of April 2022 , which also means that more foreign workers arrive in May and June. 4. Soybean oil lower after USDA (United States of Department Agriculture) monthly forecasts showed world soybean supplies above expectations. 5. Declined in crude oil prices reduce demand for biodiesel blending. Technical View: 1. Again shooting star formed as profit taking after touched on historical high at 7268 which indicate sell signal. 2. Stochastic K% line is moving up in weekly and crossed up in daily chart which indicates market likely to resume its uptrend We have mixed signals this week. We expect market may move within range of 6500-7100. Suggestion Trade: Short if stay below 6600 Target Stop Loss (resistance level) 6783 Target Profit level (support level) TP1 6417 TP2 6051 Long if stay above 7000 Target Stop Loss (support level) 6817 Target Profit level (resistance level) TP1 7183 TP2 7549 ** DISCLAIMER: FOR INFO ONLY. TRADING CARRIES RISK **
MYX:FCPO1!
by happytrading96